Ensign Energy Services Inc. · TSX:ESI
Ensign Energy Services — Investor Presentation (September 2013)
32 slides from Ensign Energy Services's investor presentation, September 2013
Slide 1: Corporate Presentation
Corporate Presentation September 2013
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements based upon current expectations that involve a number of business risks and uncertainties. The factors that could cause results to differ materially include, but are not limited to, national and economic conditions, foreign exchange ra
Slide 3: Ensign Delivers
Ensign Delivers Companies that bring forward cost cutting solutions for their clients are those that will grow and succeed!
Slide 4: Current Operations
Current Operations Canada United States Kurdistan Libya Oman Venezuela Australia Gabon New Zealand Argentina
Slide 5: Diversified Services – by Revenue
Diversified Services – by Revenue Drill Rigs Service Rigs Directional Drilling Frac Flowback Units Core Rigs / Services Oilfield Rentals Other: - MPD / UBD Packages - Wireline Units - Transportation
Slide 6: Strong Presence in North American Resource Plays
Strong Presence in North American Resource Plays 237 Horn River Montney Oil Sands Cardium Drill Rigs Bakken Utica United States Canada San Jonah Joaquin Niobrara Basin Piceance Marcellus Granite Woodford Wash 120 Monterey Barnett Haynesville 117 Tuscaloosa Permian Eagle Ford As at June 30, 2013 * Ex
Slide 7: Substantial & Growing International Presence
Latin/South America, Australasia Middle East - North Africa 53 Substantial & Growing International Presence MENA Drill rigs – 15 Drill Rigs Venezuela Drill rigs – 7 Workover rigs – 1 New Zealand Australia Drill rigs – 15 Drill rigs – 2 Workover rigs – 2 Workover rigs – 1 Argentina Drill rigs – 8 Wor
Slide 8: Service Rigs
Service Rigs 136 Horn River Montney Oil Sands Service Rigs Cardium Bakken Utica United States Canada Niobrara San Jonah Joaquin Piceance Basin Granite Marcellus Wash Woodford 44 Monterey Barnett Haynesville Tuscaloosa 92 Permian Eagle Ford As at June 30, 2013
Slide 9: Frac Flowback Units - Opsco
Frac Flowback Units - Opsco 95 Horn River Montney Oil Sands Frac-Flowback Cardium Units Bakken Utica United States Canada San Niobrara Jonah Joaquin Basin Piceance Granite Marcellus Wash Woodford Monterey Barnett Haynesville 46 49 Tuscaloosa Permian Eagle Ford As at June 30, 2013
Slide 10: Directional Drilling Services
Directional Drilling Services 81 Kits Directional and horizontal Vertical United States Canada Ensign Directional Drilling Services Growth 80% 100 70% 80 # Kits (Ensign) 60% 60 32 50% 40 49 40% 30% 20 20% 0 2008 2009 2010 2011 2012 2013 As at June 30, 2013
Slide 11: Core Rigs & Services
Core Rigs & Services Oil Sands 30 Core Rigs As at June 30, 2013
Slide 12: Managed Pressure Drilling
Managed Pressure Drilling Flow control at surface 1700 wells experience Lower well costs Safer operations
Slide 13: Rental Divisions
Rental Divisions Grande Prairie, AB Nisku, AB Peace River, AB Red Deer, AB Whitecourt, AB Brooks, AB Edson, AB Oxbow, SK Williston, ND Denver, CO Bakersfield, CA
Slide 14: Ensign continues to lead technical innovation
Ensign continues to lead technical innovation 100% Growth of ADR® type rigs continues around the world. % Fleet 50% 0%
Slide 15: Ensign – The Technology Innovator ADR®
Ensign – The Technology Innovator ADR® Drill Faster Data shows continuous weight on bit reduces drill times 20% Drill Farther Smooth transfer of weight on bit and oversized pumps allow the bit to get out further Move Quicker Time-motion studies for rig up-tear out have provided new opportunities to
Slide 16: Natural Gas Powered Rigs
Natural Gas Powered Rigs Reduced emissions 30% Reduced fuel costs Improve domestic energy security CNG PG LNG Natural gas is a viable cost effective fuel alternative for land rigs that reduces emissions by up to 30%.
Slide 17: Highly Trained Crews ADR® Simulator
Highly Trained Crews ADR® Simulator
Slide 18: ADR Automated Drill Rig
ADR ENSIGN] Automated Drill Rig 750 HP 1000 HP 1500 HP Bolalaleamuln j 41 2000 HP “Performance Excellence — Second to None” | ADR | ‘Automated Drill Rig
Slide 19: High Quality Fleet – Designed by Ensign, for Ensign
High Quality Fleet – Designed by Ensign, for Ensign Ensign has been built for the long-term. The Company and its fleet of oilfield services equipment is maintained to the highest standards Ensign has in-house engineering expertise to design and construct rigs at “wholesale” cost The Company ha
Slide 20: Safety Awareness
Safety Awareness 10 25 9.09 M Manhours LTI Freq TRI Freq 9 8 20 7.09 7.13 7 Injury Frequency (200,000 man hours) 6 5.57 15 Man Hours 5 4.65 4.00 4 10 3.21 3.11 3 2.45 2.21 2 1.75 5 1.46 1.36 1.23 1.14 0.86 0.70 1 0.47 0.56 0.63 0.49 0.41 0 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Q2 13
Slide 21: Trading Data
Trading Data TSX: ESI Common shares outstanding 153.3 million Market capitalization $2.7 billion Dividends: 17% compound annual growth rate since 1995 2008 $0.3325 per share 2009 $0.3425 per share 2010 $0.3575 per share 2011 $0.3900 per share 2012 $0.4250 per share
Slide 22: Dividends per Common Share
Dividends per Common Share $0.45 $0.40 $0.35 $0.30 $0.25 $0.20 $0.15 $0.10 $0.05 $0.00 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Slide 23: Debt to Equity
Debt to Equity $ millions, years ended December 31 2,000 Debt (Excludes revolving operating facility) 1,800 Equity 1,600 1,400 1,200 1,000 800 600 400 200 0 2008¹ 2009¹ 2010 2011 2012 1 Not restated for IFRS
Slide 24: Revenue - Geographic Segmentation
Revenue - Geographic Segmentation Year ended December 31, 2012 22% 35% Canada United States International 43%
Slide 25: Revenue
Revenue $ millions, years ended December 31 2,500 2,000 1,500 1,000 500 0 2009¹ 2010 2011 2012 2013e² 1 Not restated for IFRS 2 Estimate based on range of analysts forecasts
Slide 26: EBITDA
EBITDA $ millions, years ended December 31 700 650 600 550 500 450 400 350 300 250 200 150 100 50 0 2009¹ 2010 2011 2012 2013e² 1 Not restated for IFRS 2 Estimate based on range of analysts forecasts
Slide 27: Income
Income $ millions, years ended December 31 350 300 250 200 150 100 50 0 2009¹ 2010 2011 2012 2013e² 1 Not restated for IFRS 2 Estimate based on range of analysts forecasts $ per share 0.79 1.12 2.25 1.64 1.70 0.82 0.78 1.39 1.42 1.01 - 1.21
Slide 28: Return on Equity
Return on Equity Percent, years ended December 31 25 20 15 10 5 0 2009¹ 2010 2011 2012 2013e² 1 Not restated for IFRS 2 Estimate based on range of analysts forecasts
Slide 29: Financial Summary
Financial Summary $ millions, three and six months ended June 30 2nd Quarter Year-to-Date % % 2013 2012 change 2013 2012 change Revenue 437.9 463.9 (6) 1,019.0 1,141.5 (11) EBITDA 85.7 89.6 (4) 250.1 304.5 (18) Income 3.3 18.7 (82) 68.3 124.2 (45) Per share $0.02 $0.12 (83) $0.45 $0.81 (44) Cash flo
Slide 30: Future Growth Strategy
Future Growth Strategy Consolidation opportunities Organic expansion Differentiate with technology and operational excellence Expand complementary services
Slide 31: Ensign is positioned globally as a resource-play solution provider
Ensign is positioned globally as a resource-play solution provider. Our goal is to drive well cost down through application of technology and use of competent and professional crews.
Slide 32: ensignenergy.com – Thank You
ensignenergy.com Thank You
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